Sam Wu resigned as CFO to pursue other business opportunities but will remain with SinoCoking in an advisory capacity until February 2015.

Lv has served as controller in the finance and accounting department of the company since June 2010.

Over the years he had taken on increasing responsibilities, which led to his role as chief financial officer.

The company said he brought two decades of financial and accounting experience in several industries, including mining, chemical and energy.

Lv joined SinoCoking as the company started construction to retrofit its existing coking facility to produce clean-burning syngas.

When construction is complete, the company will announce its gas distribution plans.

"I am very enthusiastic about my opportunity as CFO of SinoCoking at this moment when the company is making the historic decision to become an environmentally friendly producer of fine organic chemicals and of clean gas in significant quantities,” Lv said.

“We know that China is on a track towards a cleaner environment and we plan to be the first private coking company in China to implement this type of plan.

“We've begun construction and believe we will be in production in the fourth quarter of calendar year 2014."